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Xos, Inc. (XOS) 10-Year Financial Performance & Capital Metrics

XOS • • Industrial / General
IndustrialsAgricultural MachineryTransportation & Vehicle EquipmentCommercial Vehicles & Trailers
AboutXos, Inc., a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.Show more
  • Revenue $56M +25.7%
  • EBITDA -$41M +32.2%
  • Net Income -$50M +33.9%
  • EPS (Diluted) -6.69 +49.0%
  • Gross Margin 7.09% +344.5%
  • EBITDA Margin -72.79% +46.1%
  • Operating Margin -81.97% +43.8%
  • Net Margin -89.63% +47.4%
  • ROE -127.3% -32.0%
  • ROIC -53.06% -10.8%
  • Debt/Equity 1.28 +89.5%
  • Interest Coverage -214.36 -2902.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 117.6%
  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 17 (bottom 17%)
  • ✗Shares diluted 29.6% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y117.6%
3Y122.97%
TTM-16.89%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM23.23%

EPS CAGR

10Y-
5Y-
3Y-
TTM35.48%

ROCE

10Y Avg-149.6%
5Y Avg-62.45%
3Y Avg-64.96%
Latest-72.95%

Peer Comparison

Commercial Vehicles & Trailers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
REVGREV Group, Inc.3.35B68.5536.273.5%4.51%27.89%5.68%0.13
PCARPACCAR Inc64.03B121.9215.43-4.29%9.65%13.89%4.52%0.91
OSKOshkosh Corporation9.7B153.3614.7711.1%6.45%14.68%2.77%0.23
XOSXos, Inc.25.39M2.24-0.3325.69%-66.13%-111.23%1.28
WNCWabash National Corporation439.61M10.85-1.70-23.25%15.89%61.98%10.26%2.28

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+308K1.15M2.64M5.05M36.38M44.52M55.96M
Revenue Growth %-2.72%1.3%0.91%6.21%0.22%0.26%
Cost of Goods Sold+92K806K2.34M7.41M66.41M45.81M52M
COGS % of Revenue0.3%0.7%0.89%1.47%1.83%1.03%0.93%
Gross Profit+216K341K300K-2.36M-30.03M-1.29M3.96M
Gross Margin %0.7%0.3%0.11%-0.47%-0.83%-0.03%0.07%
Gross Profit Growth %-0.58%-0.12%-8.87%-11.71%0.96%4.07%
Operating Expenses+3.81M4.71M12.17M50.79M81.32M63.67M49.84M
OpEx % of Revenue12.38%4.11%4.61%10.06%2.24%1.43%0.89%
Selling, General & Admin2.15M4.11M5.16M30.72M50.64M44.09M39.21M
SG&A % of Revenue6.97%3.59%1.95%6.08%1.39%0.99%0.7%
Research & Development1.54M362K7.01M20.08M30.68M19.59M10.63M
R&D % of Revenue5.01%0.32%2.66%3.98%0.84%0.44%0.19%
Other Operating Expenses0239K00000
Operating Income+-3.6M-4.37M-11.87M-53.16M-111.35M-64.97M-45.87M
Operating Margin %-11.68%-3.81%-4.5%-10.53%-3.06%-1.46%-0.82%
Operating Income Growth %--0.22%-1.71%-3.48%-1.09%0.42%0.29%
EBITDA+-3.48M-4.13M-11.58M-52.42M-107.72M-60.09M-40.73M
EBITDA Margin %-11.29%-3.61%-4.38%-10.38%-2.96%-1.35%-0.73%
EBITDA Growth %--0.19%-1.8%-3.53%-1.05%0.44%0.32%
D&A (Non-Cash Add-back)121K239K296K736K3.63M4.88M5.14M
EBIT-3.6M-4.37M-11.87M-53.16M-111.35M-64.97M-45.87M
Net Interest Income+0559K-3.29M38K-3.33M-9.1M-214K
Interest Income351K559K038K1.2M00
Interest Expense003.29M04.54M9.1M214K
Other Income/Expense-351K-559K-4.79M76.56M38.03M-10.86M-4.25M
Pretax Income+-3.95M-4.93M-16.67M23.4M-73.32M-75.82M-50.12M
Pretax Margin %-12.82%-4.3%-6.31%4.64%-2.02%-1.7%-0.9%
Income Tax+0002K8K21K37K
Effective Tax Rate %1%1%1%1%1%1%1%
Net Income+-3.95M-4.93M-16.67M23.4M-73.33M-75.84M-50.16M
Net Margin %-12.82%-4.3%-6.31%4.64%-2.02%-1.7%-0.9%
Net Income Growth %--0.25%-2.38%2.4%-4.13%-0.03%0.34%
Net Income (Continuing)-3.95M-4.93M-16.67M23.4M-73.33M-75.84M-50.16M
Discontinued Operations0000000
Minority Interest0000000
EPS (Diluted)+-5.02-4.17-6.946.60-13.32-13.11-6.69
EPS Growth %-0.17%-0.66%1.95%-3.02%0.02%0.49%
EPS (Basic)-5.02-4.17-6.946.65-13.32-13.11-6.69
Diluted Shares Outstanding787K1.18M2.4M3.59M5.81M5.79M7.5M
Basic Shares Outstanding787K1.18M2.4M3.55M5.51M5.79M7.5M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.18M1.78M12.69M165.96M163.2M71.69M82.3M
Cash & Short-Term Investments860K19K10.36M110.84M86.28M11.64M11M
Cash Only860K19K10.36M16.14M35.63M11.64M11M
Short-Term Investments00094.7M50.65M00
Accounts Receivable0179K408K3.35M8.53M15.95M29.23M
Days Sales Outstanding-56.9656.39242.4485.57130.78190.67
Inventory317K1.57M1.87M30.88M57.54M37.84M36.57M
Days Inventory Outstanding1.26K710.53291.11.52K316.27301.5256.69
Other Current Assets016K010.8M8.48M4.51M4.78M
Total Non-Current Assets+897K973K1.08M62.75M26.73M21.99M16.03M
Property, Plant & Equipment897K973K1.08M7.43M25.14M19.65M9.3M
Fixed Asset Turnover0.34x1.18x2.44x0.68x1.45x2.27x6.01x
Goodwill0000000
Intangible Assets0000000
Long-Term Investments00054.82M000
Other Non-Current Assets000506K1.6M2.34M6.73M
Total Assets+2.07M2.76M13.77M228.71M189.94M93.68M98.33M
Asset Turnover0.15x0.42x0.19x0.02x0.19x0.48x0.57x
Asset Growth %-0.33%4%15.6%-0.17%-0.51%0.05%
Total Current Liabilities+1.35M6.01M32.94M15.98M45.77M19.57M46.67M
Accounts Payable719K1.48M1.17M10.12M2.9M2.76M8.93M
Days Payables Outstanding2.85K669.32182.11498.5915.9221.9662.69
Short-Term Debt70K1.08M18.53M482K29.22M1.35M21.63M
Deferred Revenue (Current)00731K899K914K1000K1000K
Other Current Liabilities98K2.21M8.22M177K1.5M1.31M740K
Current Ratio0.87x0.30x0.39x10.38x3.57x3.66x1.76x
Quick Ratio0.64x0.04x0.33x8.45x2.31x1.73x0.98x
Cash Conversion Cycle-98.17165.371.27K385.93410.33384.67
Total Non-Current Liabilities+6.61M7.28M8.03M38.33M32.09M28.91M18.05M
Long-Term Debt6.18M6.59M166K1.59M20.81M20.51M224K
Capital Lease Obligations00009.27M4.98M17.07M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities427K690K7.86M36.74M2.01M3.42M756K
Total Liabilities7.96M13.29M40.97M54.31M77.86M48.49M64.72M
Total Debt+6.25M7.67M18.7M2.08M62.95M30.52M43.01M
Net Debt5.39M7.65M8.34M-14.07M27.32M18.88M32.01M
Debt / Equity---0.01x0.56x0.68x1.28x
Debt / EBITDA-------
Net Debt / EBITDA-------
Interest Coverage---3.61x--24.55x-7.14x-214.36x
Total Equity+-5.89M-10.53M-27.2M174.39M112.08M45.2M33.61M
Equity Growth %--0.79%-1.58%7.41%-0.36%-0.6%-0.26%
Book Value per Share-7.48-8.90-11.3348.5419.287.814.48
Total Shareholders' Equity-5.89M-10.53M-27.2M174.39M112.08M45.2M33.61M
Common Stock2K4K7K16K1K1K1K
Retained Earnings-5.89M-10.83M-27.49M-4.09M-77.42M-153.26M-203.42M
Treasury Stock0000000
Accumulated OCI00-7.86M-381K-739K00
Minority Interest0000000

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-3M-2.21M-12.34M-88.89M-127.96M-39.29M-48.8M
Operating CF Margin %-9.75%-1.93%-4.67%-17.61%-3.52%-0.88%-0.87%
Operating CF Growth %-0.26%-4.57%-6.2%-0.44%0.69%-0.24%
Net Income-3.95M-4.93M-16.67M23.4M-73.33M-75.84M-50.16M
Depreciation & Amortization121K239K296K736K3.63M4.88M5.14M
Stock-Based Compensation2K279K12K1.66M5.22M7.91M7.71M
Deferred Taxes01.15M00000
Other Non-Cash Items719K-393K3.21M-75.15M-31.77M9.3M11.15M
Working Capital Changes102K1.44M815K-39.54M-31.71M14.47M-22.64M
Change in Receivables0-179K-229K-2.97M-4.94M-6.98M-12.69M
Change in Inventory-317K-1.25M-297K-29.97M-31.29M22.05M-1.56M
Change in Payables00-310K9.01M-7.27M-133K5.41M
Cash from Investing+-784K-314K-407K-155.14M82.71M50.63M51.18M
Capital Expenditures-784K-314K-407K-4.92M-14.11M-1.39M-304K
CapEx % of Revenue2.55%0.27%0.15%0.97%0.39%0.03%0.01%
Acquisitions-------
Investments-------
Other Investing000001.29M125K
Cash from Financing+4.57M1.69M23.09M252.85M64.75M-38.38M-3.02M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing08K10K219.11M5.47M-2.69M-1M
Net Change in Cash-------
Free Cash Flow+-3.79M-2.53M-12.74M-93.81M-142.07M-40.67M-49.1M
FCF Margin %-12.3%-2.2%-4.83%-18.58%-3.91%-0.91%-0.88%
FCF Growth %-0.33%-4.04%-6.36%-0.51%0.71%-0.21%
FCF per Share-4.81-2.14-5.31-26.11-24.44-7.03-6.55
FCF Conversion (FCF/Net Income)0.76x0.45x0.74x-3.80x1.75x0.52x0.97x
Interest Paid000001.52M0
Taxes Paid00000017K

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)---31.8%-51.19%-96.45%-127.3%
Return on Invested Capital (ROIC)----56.36%-55.73%-47.89%-53.06%
Gross Margin70.13%29.73%11.36%-46.79%-82.55%-2.9%7.09%
Net Margin-1281.82%-430.08%-631.09%463.57%-201.58%-170.35%-89.63%
Debt / Equity---0.01x0.56x0.68x1.28x
Interest Coverage---3.61x--24.55x-7.14x-214.36x
FCF Conversion0.76x0.45x0.74x-3.80x1.75x0.52x0.97x
Revenue Growth-272.4%130.25%91.14%620.6%22.4%25.69%

Revenue by Segment

2021202220232024
Product4.89M34.66M43.39M54.03M
Product Growth-609.25%25.17%24.54%
Stepvans And Vehicle Incentives2.73M31.83M41.38M42.81M
Stepvans And Vehicle Incentives Growth-1063.77%30.02%3.44%
Ancillary---1.93M
Ancillary Growth----
Manufactured Product, Other---1.78M
Manufactured Product, Other Growth----
Fleet-As-A Service--1.21M-
Fleet-As-A Service Growth----
Powertrains2.15M2.23M795K-
Powertrains Growth-3.44%-64.29%-

Frequently Asked Questions

Growth & Financials

Xos, Inc. (XOS) reported $52.2M in revenue for fiscal year 2024. This represents a 16863% increase from $0.3M in 2018.

Xos, Inc. (XOS) grew revenue by 25.7% over the past year. This is strong growth.

Xos, Inc. (XOS) reported a net loss of $34.5M for fiscal year 2024.

Dividend & Returns

Xos, Inc. (XOS) has a return on equity (ROE) of -127.3%. Negative ROE indicates the company is unprofitable.

Xos, Inc. (XOS) generated $6.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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